For those who have been breathlessly waiting, employer reporting of worker health coverage has started!
Beginning in 2016, companies with 50 or more full-time-equivalent employees must use IRS Form 1095-C to report 2015 insurance data for each full-timer to the Service and the worker.
Firms will also file with the agency Form 1094-C, which requires more information.
Businesses with fewer than 50 employees that provide self-insured medical coverage must also comply. They’ll use Form 1095-B to report 2015 coverage information to employees and IRS and 1094-B to transmit the health returns to the Service.
The forms are due to employees by March 31 and to IRS by May 31. June 30 if e-filing. Employers will not be given additional time to make these filings.